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1:00 PM ET, July 27, 2021

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 Top News: 
Sara Fischer / Axios:
NBC News says it will add over 200 jobs to strengthen its streaming services and websites, including doubling its digital staff for Today  —  NBCU News Group is adding hundreds of jobs to its digital organization, led by a major investment in streaming as well as in its “TODAY” show brand, executives tell Axios.
Mark Jacob / Northwestern University's Medill Local News Initiative:
A look at the emerging trend of local investors, especially in smaller US towns, buying news outlets from large chains to reverse decades of disinvestment  —  As chain consolidation brings new uncertainty to an already fluid news landscape, another trend is emerging in which local investors buy news outlets …
Elizabeth Culliford / Reuters:
Facebook's restricting interest-based and web activity ad targeting for users under 18 on its platforms, only allowing segmentation by age, gender, and location  —  (Reuters) - Facebook Inc will stop allowing advertisers to target people under 18 on its platforms based on their interests …
Sara Fischer / Axios:
Snopes says it has raised over $1.7M from ~44K supporters to fund its legal battle against Proper Media, which has filed four lawsuits against it since 2017  —  Snopes, one of the oldest fact-checking websites in the country, has raised over $1.7 million from over 44,400 supporters to help …
Discussion: @vinnysgreen and @filip_struharik
Indigo Olivier / The Nation:
Media unions, including at the Daily Beast, are leading the charge against NDAs by adding provisions in contracts that ban them as a matter of workplace safety  —  Workers in the industry argue that nondisclosure agreements are a matter of workplace safety, making them “mandatory subjects of bargaining.”
Charlotte Tobitt / Press Gazette:
UK's Reach says it will employ more journalists than at any point in the last decade by the end of 2021 and commits an extra ~$27M to tech and data projects  —  Reach now employs more journalists than it did in 2019, despite hundreds of jobs lost in a restructuring programme last year.
Jon Allsop / Columbia Journalism Review:
US media coverage of the failed January 6 committee shows how political analysis and reporting is still largely trapped in “both sides” framings  —  In late May, over the Memorial Day weekend, the top story on NBC's Meet the Press was a recent vote by Republican senators to kill …
Joshua Benton / Nieman Lab:
Analysis: of the 20 largest US newspapers, only seven are now led by a white man while 12 are led by a woman, a POC, or both, and one top job is vacant  —  Among the 20 biggest dailies, nearly two-thirds of their newsrooms are run by a woman or a person of color (or both).
Washington Post:
Survey of 20,699 Americans: those who rely on Facebook for COVID-related news are less likely to get vaccinated than average and less likely than Fox viewers  —  Biden said social media companies are ‘killing people’ by spreading vaccine misinformation  —  The White House has been sharply critical …
The New York Times Company:
NYT has named David Halbfinger, its former Jerusalem bureau chief, as the next politics editor, and LA bureau chief Manny Fernandez as deputy politics editor  —  After a standout tenure as Jerusalem bureau chief, David is returning to America to lead our political coverage.
 
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 More News: 
Max Fisher / New York Times:
Analysts and US officials say the disinformation-for-hire industry is booming, as influencers get approached by back-alley firms to spread falsehoods
Alan Rusbridger / Daily Mail:
A new official secrets law proposed by UK government, led by the ex-journalist Boris Johnson, aims to criminalize journalism and undermine freedom of the media
 Earlier Picks: 
Helen Davidson / The Guardian:
Foreign journalists, including from LA Times, DW, and BBC, have faced hostile confrontations in the streets while reporting on the aftermath of China's floods
Brooks Barnes / New York Times:
Sources: Universal Pictures has teamed up with Peacock on a $400M deal for a new Exorcist trilogy
Wall Street Journal:
NBC says the opening ceremony of Tokyo Olympics drew a combined audience of 17M across broadcast and streaming in the US, down ~36% from the 2016 Games
 

 
From Techmeme:

Alphabet:
Alphabet Q1: revenue up 15% YoY to $80.5B, net income up 57% to $23.7B, Google Cloud revenue up 28% to $9.6B, and headcount down 5%; GOOG jumps 11%+ after hours

Microsoft:
Microsoft Q3: revenue up 17% YoY to $61.9B, net income up 20% to $21.9B, Office Commercial revenue up 13%, LinkedIn revenue up 10%; MSFT jumps 4%+ after hours

Reuters:
Sources: ByteDance prefers a TikTok shutdown in the US rather than a sale if legal options fail, deeming TikTok's algorithm as core to overall ByteDance systems
 
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